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Thunisoft Shares Inch 5% Higher on 1H 2020 Results
COVID-19 and China
Image credit: Fotis Fotopoulos/Unsplash

August 23 – Thunisoft released its financial result for the first half of 2020. The revenue of the company decreased year-over-year by 39% to CNY 840 million and the net income dropped by 92.7%. The performances of the first quarter were significantly affected by the pandemic, but these rebounded in the second quarter. The orders ran up by CNY 870 million in 2Q, which was one-fourth of the total figure in 2019. The basic EPS posted CNY 0.02 per share. 

Thunisoft is a software company founded in 2001, and it went public on Shenzhen Stock Exchange in 2011 with the ticker 300271. The business scope mainly focuses on software and IT services with law-tech solutions that target the law-related state agencies in China. 

After the performances released on Sunday, the stock price of Thunisoft went up 4.75% on Monday, closing at CNY 27.58.

Editor: Luke Sheehan
ANALYST
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